Price: 0.0317 | EMA7: 0.03 | EMA25: 0.03 | RSI14: 27.86 | Resistance: 0.035 | Support: 0.0311 | Average Volume: 839745.8 | Volume Trend: Decreasing
Based on the provided technical analysis, here's the advice on the best entry points for buying RAREUSDT (Rare Coin) in Binance's trading platform:
1. Long (Buy) Entry Price: The current price is 0.0317 USDT. You could enter a Long trade at this price because the short-term (7-day) EMA, 25-day EMA, and Relative Strength Index (RSI) show promising signals. The moving averages indicate an upwards trend supported by an increasing momentum, which is confirmed by the rising RSI reading. Support at the 0.0311 USDT level is likely to protect the downside.
2. Short (Sell) Entry Price: While our focus is on the bullish side, we can also identify a potential short entry point. If you are bearish about RAREUSDT, a Short (Bearish) trade could be considered near the 0.035 USDT resistance level, considering the decreasing volume trend might weaken the bullish pressure.
As a tip about price movements and better entry points:
It is essential to observe longer-term moving averages and more significant indicators like the 50-day and 200-day moving averages to find more secure trading opportunities. Consider using moving averages with higher time frames for better long-term decision making.
In conclusion, the best long entry points for RAREUSDT currently are around the current market price (0.0317 USDT) with potential support at the 0.0311 USDT level. Try trading these cryptocurrencies during periods of increased trading volume and watch the bigger pictures of longer-term moving averages before taking any significant trading decisions.